M&A Deal Summary

Rohan Group of Companies Acquires Corner Bakery Cafe

On October 30, 2020, Rohan Group of Companies acquired restaurant Corner Bakery Cafe from Roark Capital Group

Acquisition Highlights
  • This is Rohan Group of Companies’ 1st transaction in the Restaurants sector.
  • This is Rohan Group of Companies’ 1st transaction in the United States.
  • This is Rohan Group of Companies’ 1st transaction in Texas.

M&A Deal Summary
Date 2020-10-30
Target Corner Bakery Cafe
Sector Restaurants
Buyer(s) Rohan Group of Companies
Sellers(s) Roark Capital Group
Deal Type Add-on Acquisition

Target

Corner Bakery Cafe

Dallas, Texas, United States
website
Corner Bakery Cafe is an operator and franchisor of bakery cafés in the fast casual restaurant industry, serving made-to-order sandwiches, salads, soups and other hand-crafted favorites for breakfast, lunch and dinner, and delivering a segment-leading catering service.

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Buyer(S) 1

Buyer

Rohan Group of Companies

Boston, Massachusetts, United States
Category Company
Sector Restaurants
DESCRIPTION

Rohan Group of Companies operates a collection of consumer oriented franchising and restaurant concepts. The Company is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 13 of 17
Sector (Restaurants) 2 of 3
Type (Add-on Acquisition) 5 of 6
State (Texas) 3 of 3
Country (United States) 13 of 16
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 ServiceMaster

Atlanta, Georgia, United States

ServiceMaster is a provider of residential and commercial restoration and cleaning services, operates a network of over 1,850 franchisees through its portfolio of five brands in 50 states and nine countries. ServiceMaster was founded in 1929 and is based in Atlanta, Georgia.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Driven Brands

Charlotte, North Carolina, United States

Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands has over 2,800 centers across North America, and combined; all businesses generate more than $2.8 billion in system sales and service approximately 8 million vehicles annually. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina.

Sell -
Mergr

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